Dairy ingredients are a versatile and nutritious source of food ingredients that are used in a wide range of food products. They provide a rich source of protein, vitamins, and minerals, and they can be used to enhance the flavor and texture of food products. According to the latest research, the global dairy ingredients market is poised to grow by USD 14.8 billion during 2023-2029, progressing at a CAGR of 3.79% during the forecast period. Growing demand for protein-rich foods, increasing demand for convenience foods, rising demand for functional foods, and growing demand for natural and clean label products are expected to boost the market growth in the coming years.Growing demand for protein-rich foods, increasing demand for convenience foods, rising demand for functional foods, and growing demand for natural and clean label products are expected to boost the market growth in the coming years.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global dairy ingredients market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, application, and region. The global market for dairy ingredients can be segmented by type: milk powders, milk protein concentrate and milk protein isolate, whey ingredients, lactose and derivatives, casein and caseinates, others. The milk powders segment held the largest revenue share in 2022. Dairy ingredients market is further segmented by application: bakery and confectionery, dairy products, infant milk formula, sports and clinical nutrition, others. Among these, the bakery and confectionery segment was accounted for the highest revenue generator in 2022. Based on region, the dairy ingredients market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Europe captured the largest share of the market in 2022.

The milk powders market is further segmented into skimmed milk powders, whole milk powders. Globally, the whole milk powders segment made up the largest share of the dairy ingredients market. Furthermore, the whey ingredients market has been categorized into whey protein concentrate (WPC), whey protein isolate (WPI), hydrolyzed whey protein (HWP). The whey protein concentrate (WPC) segment was the largest contributor to the global dairy ingredients market in 2022.

Market Segmentation
By type: milk powders, milk protein concentrate and milk protein isolate, whey ingredients, lactose and derivatives, casein and caseinates, others
By application: bakery and confectionery, dairy products, infant milk formula, sports and clinical nutrition, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report has also analysed the competitive landscape of the global dairy ingredients market with some of the key players being Arla Foods amba, Dairy Farmers of America Inc., Fonterra Co-operative Group Limited, Groupe Sodiaal, Hoogwegt Groep B.V., Kanegrade Ltd., Kerry Group plc, Lactalis Group, Prolactal GmbH, Royal FrieslandCampina N.V., Saputo Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global dairy ingredients market.
• To classify and forecast the global dairy ingredients market based on type, application, region.
• To identify drivers and challenges for the global dairy ingredients market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global dairy ingredients market.
• To identify and analyze the profile of leading players operating in the global dairy ingredients market.

Why Choose This Report
• Gain a reliable outlook of the global dairy ingredients market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.